JUDGMENT :

ASHA MENON, J.

1. This appeal has been preferred by the appellant being aggrieved by a judgment dated 13.01.2020, passed by the learned Single Judge dismissing O.M.P.(I) (COMM.) 273/2019, filed by it under Section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as ‘the Act’).

2. It is not disputed that the appellant/M/s.Inter Ads Exhibition Pvt. Ltd. and the respondent/Busworld International Cooperatieve Vennootschap Met Beperkte Anasprakelijkheid had entered into a Joint Venture Agreement dated 16.10.2003 (for short, ‘JVA-I’), for organizing in India, exhibitions and conferences known as “Busworld India”. A Supplementary Agreement dated 24.07.2009, was also entered into between the parties. Pursuant to these agreements, three editions of such events were organized in the years 2005, 2007 and 2009. After executing another Joint Venture Agreement (for short, ‘JVA-II’) on 25.10.2011, events were organized in the years 2011, 2013, 2015, 2016 and 2018. According to the appellant, all these editions were organized successfully on account of their hard-work and dedication. Importantly, the respondent had made no investment even by way of working capital f